702 N 9th StPanama CityFL32404
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Panama City at 702 N 9th St, Panama City, FL, 32404 listed at $339,000 pairs $2,340/mo rent with a $1,659/mo payment to leave $91/mo cash flow. Total monthly income runs $2,340/mo, and annual cash flow reaches $1,087/yr on $112,379 cash to close. Return on cash invested measures 20.88% in year one, and rental yield registers 8.28% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 108.62% and total cumulative return in cash totals $122,068. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: Thomas Bachelder • Panhandle Real Estate
Mls Name: CPAR
Mls ID: #782974